Wednesday, August 29, 2012

TrustEgg Allows Anyone To Set Up A Trust For Their Kids

TrustEgg, the Y Combinator-backed startup which will allow anyone to set up a trust for their children without expensive legal fees or detailed financial know-how, is finally moving towards launch by opening up access to their beta list today. The startup, like many of those in the financial services space, has faced a number of regulatory hurdles which has caused slowdowns, as well as the loss of co-founder?Gabe Krambs,?who still advises and sits on the board but no longer participates in day-to-day activities. (He had to "get a real job" to pay the bills.) That being said, TrustEgg's founder, Jeff Brice, who has been obsessed with the idea of?democratizing?access to trust fund creation for seven years now, says that TrustEgg is ready to begin collecting sign-ups in order to make its public debut.